logo-loader

Proactive news snapshot: Westminster Group, Live Company Group, Arc Minerals …

Published: 15:30 05 Jul 2019 BST

Newspapers

Westminster Group PLC (LON:WSG) has inked a deal to provide the Gulf Aviation Academy of Bahrain (GAA) with aviation and other specialised training services. The company noted that the agreement is for an initial period of three years and nothing in it prevents either party from continuing to individually market their own products and services around the world. No financial details were disclosed at this time. Big Pic in June.

Live Company Group PLC’s (LON:LVCG) executive chairman, David Ciclitira, believes the company will exceed its events target for 2019. In a trading update for the six months ending 30 June, the chairman said the media group had secured 67% of its revenues for 2019 so far, while it had also confirmed 52 events for the year from its target of 60 and had “several more in the pipeline”. Big Pic in June.

Arc Minerals Limited (LON:ARCM) has acquired a further 5% stake in Zambian copper exploration company Zaco Limited. AIM-quoted Arc now holds a 47.5% stake in Zaco. Big Pic in May.

Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) told investors that drilling has now started on the Jethro-Lobe prospect within the Orinduik Block. The explorer, which owns a 15% stake in the project, said the Orinduik partner’s estimate the well will take up to 40 days to drill.

Ashley House PLC (LON:ASH) said it was hit by legal delays to three deals it was trying to rush through before the end of June but added that it means the firm will make a strong start to the new financial year. The supported care housing developer had warned on 25 June that it was up against the clock on three Morgan Ashley extra care schemes.

Remote Monitored Systems PLC (LON:RMS) has raised £100,000 through the issue of convertible loan notes. Big Pic in March.

ADES International Holding PLC (LON:ADES), a leading provider of oil & gas drilling and production services in the Middle East and North Africa (MENA), has appointed Numis Securities as its joint corporate broker, working alongside Investec Bank and Canaccord Genuity, with immediate effect.

Shares in Europa Oil & Gas (Holdings) PLC (LON:EOG) surged on Friday as the Irish offshore oil and gas industry praised the government’s decision not to ban exploration in Irish waters.

Connect Airways, the joint venture between Stobart Group Ltd (LON:STOB), Virgin Atlantic and New York hedge fund Cyrus Capital, has received clearance from European regulators for its £2.8mln takeover of Flybe.

Ariana Resources updates resource and reserve; realises long-term strategy

Joining Jonathan Jackson in the Proactive studio is Ariana Resources PLC (AIM:AAU) managing director Kerim Sener, who sits down to discuss the latest resource and reserve update for the Zenit Mining Operations in Western Türkiye. The update encompasses the Kiziltepe and Tavsan sectors, operated...

5 hours, 33 minutes ago